RE: Bitcoin Flash Rally As Tether Loses It's Peg

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Bitcoin Flash Rally As Tether Loses It's Peg

in cryptocurrency •  6 years ago  (edited)

I heard today that there are over 50 stable coin projects in the works now with 27 actually in use. Chris, do you think all these projects have a serious chance to fight over dominance in light of US, Eurozone and British regulation? Wouldn't it be more likely that government/ Federal Reserve fiat stable coins will be the only ones allowed to live?

cryptocurrency
6 years ago by

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      ·  6 years ago 

    When you say 'allowed' it sounds like they will have the power to stop them. Some stablecoins will be unstoppable like DAI which runs entirely onchain. So yes I think they have a fighting chance.

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